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Search Results 0 to 17 of about 18 (some duplicates have been removed)
for an investigation of rupert murdoch's media empire as the company pays a new price for its phone hacking scandal. could a massive probe now under way in britain happen here in the united states? and the obama money-maybing machine. who's behind the cash and can the republicans compete? >>> president obama and the congressional leadership are under enormous pressure right now, about 40 minutes into their latest round of debt crisis talks. they haveless than three weeks until the deadline to raise the legal limit on the federal debt. and by all accounts, they're still very far apart. what if anything emerges from this meeting? consider the very dire warnings from the chairman of the federal reserve. ben bernanke using very strong words today, telling congress that the global financial system would be thrown into enormous disarray. that's a direct quote, if the u.s. treasury is deadbeat on its debt. >> ff we went so far as to default on the debt, it would be a major crisis. the treasury security is view as the most safest and liquid in the world. it's the foundation for much of our financial system
arrest, a man said to be former editor of "news of the world" as pressure groiz on rupert murdoch to testify in london and possibly washington. new development every day. television deal with bsky b looks like it's -- >> out. >> -- a thing of the past. >>> with time going out, the president abruptly walked out of wednesday's meeting according to republicans. nancy cordes joins us live from capitol hill with the latest. good morning. >> reporter: good morning to you, chris. it appears that patience is wearing thin in the room where the president is meeting at the white house with eight top congressional leaders. both sides accuse the other of moving the goal posts, of failing to lead and now it appears the president has had enough. they may have been all smiles at the start of the meeting but tensions flaired after house majority leader eric cantor, republican from virginia, repeatedly proposed a series of short term extensions of the debt limit if a larger deal proved unattainable. "i said i was willing to come off my insistence that there was one vote," cantor told reporters afte
to be a former editor of the "news of the world." as pressure grows on rupert murdoch to testify in london and possibly washington. we will the latest on that in a bit. every day, a new development. >> that is right. >> looks like that thing is a thing of the past. we will get to that coming up. >>> first with time running out to increase the debt limit, tensions running high in the ongoing negotiations at the white house. according to republicans, the president abruptly walked out of wednesday's meeting. cbs news congressional correspondent nancy cordes joins us from capitol hill with the latest. good morning. >> reporter: good morning to you. it appears patience is wearing thin in the room where the president is meeting at the white house with eight top congressional leaders. both sides accuse the other of moving the goal posts, of failing to lead, and now it appears the president has had enough. they may have been all smiles at the start of the meeting. but tensions flared after house majority leader eric cantor, a republican from virginia, repeatedly proposed a series of short-term ext
've played a pilot before. >> greta: a massive phone hacking scandal. murdoch is the ceo of news corporation the parent company of fox news channel. the scandal involves allegations that news of the world newspaper used private investigator to hack into the voice mails of many people. among them hugh grant, the prince of wales. british victims of 9/11 and a 13-year-old girl who was kidnapped in 2002. prime minister gordon brown claims he was a victim. >> the systematic use of base and unlawful methods, new crimes with new names, trojans to break into computers not just not the misconduct of a few rogues or a few freelancer. i have to say law breaking often on an industrial scale at its worst dependent on links with the british criminal under world. >> greta: murdoch call the allegations deplorable and unacceptable. three days ago sunday murdoch shutdown the 168-year-old tabloid newspaper. british prime minister cameron spoke this morning about news corp's in acquireing bskyb. >> what has happened has to be addressed and should stop thinking about mergers when they have to sort out the mess t
's like? like that moment in the rupert murdoch testimony in the british parliament yesterday. we played this on the show. there's no more perfect representation from the republican position than this clip from the murdoch testimony. watch. >> when were you informed about the payments made to gordon taylor and max clifford? >> nope. >> no? when were -- was that a yes or no -- it was not a yes or no. no. the answer is no. doesn't matter what the question is. they don't want to do it. so the only way out of this, well, there may be two ways out of this. one, if the president can circumvent congress, the president could theoretically break the law that says it's congress that has to raise the debt ceiling by instead raising it himself by using powers out of the constitution which says our debt has to be honored. that's one of the things in politics that may be technically feasible, not that he wouldn't do it to save the country. presidents have done things more extreme, but the idea he would be made to do it or consider it, it is almost impossible to imagine. putting that aside, is there an
. >>> media mogul rupert murdoch and his son james have bowed to pressure. they will appear before parliament on the hacking scandal. rebecca brooks agreed to testify but the murdochs initially balked. some u.s. lawmakers are also calling for federal investigations into allegations news corp journalists hacked into the voice mail accounts of september 11th victims. senator robert menendez, a new jersey democrat, wrote to attorney general eric holder saying the possibility this happened is quote, horrifying. republican congressman peter king of new york described the alleged hacking as unjustifiable and parasitic. has news international responded to the 9/11 allegations? >> yes, they have. it's really important to point out that this stems from a report in a tabloid article last sunday here in the uk. in that report there was an unnamed source that spoke to an unnamed former police officer who alleges that he was approached by "news of the world" to tap the victims' phones from 9/11 and he said he denied it. very, very thin but it has gained some traction and that's why we're seeing u.s. lawma
is that rupert murdoch and his son james along with their european deputy, rebecca brooks, are going to answer questions at this parliamentary select committee hearing next tuesday. now initially when they have been asked to turn up next tuesday, both rupert murdoch and james have said no, they were unable to make it this coming tuesday. that they would cooperate at a later date. brooks agreed initially to go. but then a more official summons was sent to the murdoches. they decided they will in fact cooperate fully, show up at this meeting on tuesday. they're in the process of drafting their replies as we speak. this is a committee brooks did testify before in 2003. obviously that initial investigation wasn't thoroughly done. it's been determined that they will all be answering questions of course regarding phone-hacking and payments to police for information at the "news of the world", the sunday tabloid owned by rupert murdoch and news corporation, its european branch news international, that was shut down last sunday amidst all of this scandal. back to you, jon. jon: amy kellogg live from l
brookes head of rupert murdoch's empire was arrested friday but released on bail after nine hours of questioning. >> the position of rebecca brooks can be simply stated, she is not guilty of any criminal offense. the position of the metropolitan police is lessees i to understand. despite arresting her yesterday and conducting an interview process, lasting nine hours, they put no allegations to her and showed her no documents connecting her with any crime. they will in due course have to give an account of their actions, and in particular their decision to arrest her with the enormous reputational damage that this has involved. >> reporter: jenna, there had been some question as to whether or not brookes after this arrest would be able to testify before a parliamentary committee tomorrow. that has all been cleared now. she is out on bail. she will be testifying before that committee tomorrow. as will rupert murdoch and his son james, here in london in the afternoon. that is latest from here, back to you, jenna. jenna: we'll continue to watch the developments, amy thank you very muc
which, of course, is owned by rupert murdoch and that's the parent company of fox news. well, newscorp apparently will have a response to that coming up. and take a look at this. an austrian man allowed to wear a pasta strainer in his driver's license photo. the man told officials that he's a pastafarian and it's an expression of his religious freedom. really, he's an atheist who was trying to make a point. funny. clayton? >> what i usually wear. thanks, gretchen. it's a county deep in debt. nassau county, new york is already hundreds of millions of dollars in the red. but now, the county wants taxpayers to take on $400 million in additional debt to build a new hockey stadium. for the islanders. this is really a good idea? tom swazy is a former nassau county executive and joins us to talk about it. nice to see you. >> how are you doing? >> how can they get away with this? >> there's two sides of this debate. one side, it's curious because the republicans are saying they want to create jobs and do a stimulus package by building the new coliseum and the democrats on the other side are
Search Results 0 to 17 of about 18 (some duplicates have been removed)